JP Morgan Chase & Co.

JP Morgan Chase & Co.

JP Morgan Chase & Co. allegedly engaged in anticompetitive and fraudulent conduct in the municipal bond derivatives industry. Under the multistate agreement, JPMC has agreed to pay restitution to affected state agencies, municipalities, school districts and not-for-profit entities nationwide that entered into municipal derivative contracts with JPMC between 2001 and 2005. In addition, JPMC agreed to pay a civil penalty and fees and costs of the investigation to the settling states.